COLUMBUS, Wis.— The U.S. housing market is bracing for what could be its steepest correction in more than a decade, as swelling inventories, slumping demand, and rising distress signals point to years of declining prices, according to a stark new outlook from Michael Eisenga, CEO of First American Properties.
Fresh Today
WASHINGTON—Senator Cynthia Lummis, one of the strongest advocates for cryptocurrency in the U.S. Senate, is intensifying efforts to pass a comprehensive market structure bill before year-end, AInvest reported.
WASHINGTON— America’s Credit Unions President and CEO Jim Nussle pushed back against a recent American Banker op-ed, which ACU asserts contains “factually inaccurate claims” intended to undermine the critical role credit unions serve nationwide.
ALEXANDRIA, Va.—NCUA announced Tuesday that longtime agency veteran Keith Morton, regional director of the Southern Region, will retire on Aug. 29.
NEW YORK — U.S. consumer confidence declined in August, with the Conference Board’s Consumer Confidence Index slipping 1.3 points to 97.4, down from July’s revised 98.7.
WASHINGTON—President Donald Trump on Monday announced he had dismissed Federal Reserve Governor Lisa Cook, marking an extraordinary escalation of his campaign against the central bank’s independence after it refused to cut interest rates, CNBC reported.
WASHINGTON--Credit unions are taking advantage of in-district opportunities to connect with members of Congress as the August recess winds down, America's Credit Unions reported.
WASHINGTON--“Phantom debt” tied to Buy Now, Pay Later poses risks to both borrowers and housing market stability, and America’s Credit Unions is urging the Department of Housing and Urban Development (HUD) to factor it into Federal Housing Administration (FHA) underwriting standards.
SAN DIEGO—Credit unions are generally more optimistic about their auto finance portfolios than they were nine months ago, with the majority having seen an increase in auto financing compared to last year, according to a new survey from Credit Union Leasing of America (CULA).
ALEXANDRIA, Va.—NCUA is underscoring its zero-tolerance stance on retaliation against credit unions that raise concerns about the agency’s actions or policies.